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Asset-Based Sukuk

A sukuk structure that involves the issuer purchasing the underlying assets and then investing, trading or leasing them on behalf...

Asset-Backed Sukuk

A sukuk structure that involves granting the investor (sukuk holder) a share of a tangible asset or business venture along...

Al-Mubadalah

An exchange of two counter-values (badalain) such as price for commodity (ba'i), currency for currency (sarf), price for usufruct (ijara),...

Aqd al-Musaqah

A type of partnership contract (aqd al-musharakah) in which the owner of an orchard (bustan- in Arabic script: بستان) agrees...

Al-Mubadala

An exchange of two counter-values (badalain) such as price for commodity (ba'i), currency for currency (sarf), price for usufruct (ijara),...

Al-Qimar

Generally, it refers to any game of chance, where the final result depends a random process or an uncertain event....

Amwal Ribawiyah

Any kind of wealth or property (mal) that is inherently susceptible to riba. Traditionally, amwal ribawiyah (plural of mal ribawi)...

Amwal Mithliyyah

Arabic (أموال مثلية) for fungible items; items (amwal- pl. of mal) that are mutually interchangeable, i.e., the units of which...

Akl Amwal al-Nas bil Batil

An Arabic term (أكل أموال الناس بالباطل) that translates as unlawful acquisition of wealth (mal) or unjust enrichment. It describes...

Amanah

A deposit (wadi'ah) in trust (by one person or counterparty with another), whether explicitly by way of contract or implicitly...